Share price of GAIL rises as Nifty weakens

Share price of GAIL rises as Nifty weakens
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Synopsis

A total of 1,039,907 shares changed hands on the counter till 11:06AM (IST).

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Shrikant Chouhan of Kotak Securities said Nifty50 topping the 15,800 mark was completely unexpected.
Shares of GAIL (India) Ltd. gained 0.64 per cent to Rs 91.75 in Tuesday's trade as of 11:06AM (IST).

The stock hit a high price of Rs 93.15 and low of Rs 91.25 during the session.

The return on equity (ROE) for the stock stood at 19.11 per cent. Traded volume on the counter stood at 11:06AM shares and turnover at Rs 9.55 crore around that time.

The stock of (India) Ltd. quoted a 52-week high and 52-week low prices of Rs 115.63 and Rs 83.47, respectively.

The Beta value of the counter, which measures its volatility in relation to the broader market, stood at 0.91.

Promotor/FII Holding
Promoters held 51.89 per cent stake in the company as of 30-Jun-2022, while overseas investors held 19.92 per cent and domestic institutional investors had 15.29 per cent.

Key Financials
The company reported consolidated sales of Rs 37987.96 crore for the quarter ended 30-Jun-2022, up 37.35 per cent from previous quarter's Rs 27657.93 crore and up 114.8 per cent from the year-ago quarter's Rs 17685.24 crore.

Net profit after tax for the latest quarter stood at Rs 3252.95 crore, up 52.17 per cent from the same quarter a year ago.
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